The Buzz
All markets and investing news all the time

Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Unbranded
Material: Suede Style: Boat Shoes
Occasion: Casual Country/Region of Manufacture: China
Width: Medium (B, M) Heel Height: Flat (0 to 1/2 in.)
US Shoe Size (Women's): Asian Size

Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499
Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499 - hollisbaker.com

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499 - hollisbaker.com
About This Author
Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499 - hollisbaker.com
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Contributors
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
 
2018 Womens Chic Loafer Pumps Pearl Square Toe Flats Flowers Suede Slip On Shoes , Womens Embroidered Suede Slip On Leather Dress Ballet Flats Shoes Pointed Toe , New Women Buckle Pointed Toe Flats Occident Fashion Velvet Comfort Casual ShoesWomens Loafer Low Heels Pointy Toe Slip on Bowknot Casual Collegiate Pump ShoesWomen Round Toe Bowknot Slip On British Loafers Suede Shoes Oxfords Flats Casual , Womens Rhinestones Round Toe Flats Casual Athletic Sport Shoes Sneakers HOT C485Sweet Womens Girls Flats Suede Boat Shoes Pointy Toes Casual Slip On Loafers Hot , Korean Fashion Women Lady Elegance Pointed Toe Satin Casual Shoes Comfort FlatsKorean 2018 Women's Faux Leather Beads Flats Pumps Shoes Plus Size US4.5-10.5Women 100% Leather Slip On Flat Loafers Shoes Clip Toe Casual Driving Shoes size , Women's Flat Pumps Loafers Rivet Leather Pointed Toe Buckle Punk Shoes British Y , New Womens Slip On Casual Leather Shoe Pearl Low Heels OL College Preppy Shoe , Fashion Womens Square Toe Ballet Flats Oxfods Sneakers Causal Loafers US 4-10.5 , Elegant Womens Pointy Toe Ankle Strappy Flats Sandals Rhinestones Shoes CasualWomens Pearls Rhinestone Mink Fur Platform Creepers Sneakers Warm Shoes Fashion , Women's SquareToe Flat Heel Metal Decor Slip On Leather Oxfords Slipper LoafersChic Womens Suede Fur Ball Slippers Pointy Toes Flats Slip On Mules Casual Shoes , Loafer Round Toe Metallic Square Buckle Slip On Lady Shoes Casual British BrogueEmbroidery Casual Mules Backless Round Toe Slippers Loafers Shoes New JMens Slip on Leather Oxford Casual Slipper Business Loafer Shoes Loafer , Summer Women Platform Slip On Multi Strap Wedge Heel Canvas breathable Sandals , Oxfords Womens Embroidery Pointed Toe Mules Loafers Slippers Shoes Flat Heel New , Chic Womens Rivet Stars Round Toe Weaving Platform Shoes Casual Leather Loafers , Women's Leather Metal Decor Slip On Fashion Mules stylish Slingbacks Shoes Size , Europe Style Womens Pointy Toe Rhinestones Slip On Flats Shoes Mules US Sz 4.5-9stylish women embroidery floral flat heels round toe slipper loafer shoes casual , Womens Casual Slip On Leather Mules Bowknot Low Block Heels Shoes Square Toe New , Womens Pointy Toe Casual Slippers Shoes Fur Trim embroidery Floral Slip On ShoesBackless Shoes Womens Flats Slip On Casual Buckle Slipper Metal Mules Shoes Size
Powerball winner can stay anonymous, judge rules
 
Counterfeit goods market is booming and becoming more dangerous
 
Kodak ditches digital cameras, will focus on photo printing IKRUSH Womens Anna Denim Frayed Sandal Block Heels , Report Beaded Black Womens Boots Size 6MISS SIXTY BROWN LEATHER THIGH HIGH BOOTS SIZE 36 1/2 , Steve Madden Womens Stable Gray Ankle Boots Shoes 6.5 Medium (B,M) BHFO 3041Arturo Chiang Women Ella Leather Riding Boot Shoe, Sahara Sand Maple , Sugar Root Womens Ankle Boots Brown Nubuck Size 6MNew Women Soda Volley Suede Pointy Toe Fringe Chunky Heel Ankle Bootie SizeRampage Vendetta Women's cognac short Boot 7MThe Sak Women's Rhythm Rain Boot, Charcoal Flower Power, 8 M USStuart Weitzman Tall Fashion Boots Sz 5.5 M w Zip Embossed Patent Exotic TurtleDr Martens womens cavendish black canvas floral shoes US 5Lifestride- X Must Boots, Women's Size 7 M-WC, Brown , New women boots size 10 NIB , NEW Womens ZODIAC Sz 6.5M Black Leather Lizrd Pattern Cowboy Boots Fancy Tips , Cole Haan Abbot Bootie, Women's Size 11 B, British TanMarc Jacobs Sienna Pompom Flat Espadrilles, Women's Size 7.5, Blue , Tory Burch Brielle Sneaker Sports Women's Shoes Size US 7.5 M Worn Once! , Gentle Souls Womens Nita Ballet Flat- Pick SZ/Color. , Cole Haan Women's Original Grand Leather Flora Wingtip Oxfords Size 7 , Dr. Martens Women's 1461 W Brook 2-Tie Shoe Black Polished Smooth Retail $130! , DV By Dolce Vita Women's Burgundy Suede Studded Flat Size 7.5NIB TORY BURCH LAURA TORY NAVY LEATHER GOLD REVA BALLET FLATS 8 $235 , Jslides - Women's Raoul Leather - BeigeNEW IN BOX WOMENS TORY BURCH VERBENA GOLD BALLET FLATS SHOES SIZE 6NWT FITFLOP LEATHER F-SPORTY ELASTIC STRAP MARY JANE FLAT BLACK Black PATENT 8USAnne Klein Akmaurise Pewter Rp Womens Peep Toe Size 9M , Maians Jacinto Women's Beige Slip on Shoes (36)SAVE $$$ Asics Gel Netburner Professional 13 Womens Netball Shoes (B) (4301)Jambu Azalea Round Toe Slip On Sneakers, BlueAdidas Womens Alphabounce Em W Blue Running Shoes Size 11 (17393) ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Sweet Moccasins Moccasins Faux Winter Fur Lining Womens Casual Loafers Suede Suede Winter Snow Shoes 252c499 Flats
1442113
2487367
9586150
9928648
11365669
11562691
12964395
14542585
15668786
Powered by WordPress.com VIP.